Amazon Expands in Bengaluru with 1.1 Million Sq Ft New Office Space
- Industry News
- June 20, 2024
What are the “hottest” markets for flex in APAC? The Instant Group analysed the top 10 markets for flexible office spaces in 2024, examining year-over-year fluctuations in demand, with data revealing notable demand spikes in Bangalore, Makati, and Hong Kong.
READ MOREIndia leads the Asia-Pacific office market, driving over 70% of Q3 2024 leasing demand, fueled by a 10.7% YoY surge in regional activity. With rising rental rates, robust absorption in Bengaluru and Hyderabad, and 1.34 million square meters of new completions, India cements its position as the APAC market leader for 2025.
READ MOREIndia now leads the Asia-Pacific office market, capturing 70% of new office space supply with over 14.4 million sq ft completed in Q3. Driven by strong demand, India’s office sector will add 54-64 million sq ft of Grade A space in 2024, reinforcing its APAC market prominence.
READ MOREDelhi-NCR ranks as APAC’s fifth most expensive office rental market, with monthly prime office rents at Rs 340 per sq ft. Indian office space transactions surged 50% in Q2 2024, driven by returning employees and strategic corporate investments. Mumbai and Bengaluru also saw stable rental rates and high demand.
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